Connable Office Inc. Takes Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Connable Office Inc. bought a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 7,943 shares of the company’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CWAN. Advisors Asset Management Inc. raised its position in shares of Clearwater Analytics by 268.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company’s stock valued at $30,000 after buying an additional 1,234 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in Clearwater Analytics during the 3rd quarter worth approximately $45,000. Financial Management Professionals Inc. acquired a new position in Clearwater Analytics during the 3rd quarter worth approximately $58,000. Benjamin F. Edwards & Company Inc. increased its position in Clearwater Analytics by 124.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company’s stock worth $81,000 after purchasing an additional 2,425 shares in the last quarter. Finally, Amalgamated Bank acquired a new position in Clearwater Analytics during the 2nd quarter worth approximately $90,000. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CWAN shares. Royal Bank of Canada upped their price objective on shares of Clearwater Analytics from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. DA Davidson cut shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $31.00 to $35.00 in a research report on Friday, November 8th. The Goldman Sachs Group upped their price objective on shares of Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th. Morgan Stanley upped their price target on shares of Clearwater Analytics from $20.00 to $30.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Finally, Oppenheimer upped their price target on shares of Clearwater Analytics from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $30.67.

Insider Activity

In other news, Director Galibier Purchaser, Llc sold 1,784,316 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $24.18, for a total value of $43,144,760.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CRO Scott Stanley Erickson sold 3,890 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $31.34, for a total transaction of $121,912.60. Following the completion of the sale, the executive now directly owns 6,373 shares in the company, valued at approximately $199,729.82. This represents a 37.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,854,883 shares of company stock valued at $44,926,386. 3.25% of the stock is currently owned by insiders.

Clearwater Analytics Trading Up 0.2 %

NYSE:CWAN opened at $30.50 on Friday. The firm’s fifty day moving average is $26.42 and its 200-day moving average is $22.45. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $35.71. The firm has a market cap of $7.51 billion, a P/E ratio of 3,050.00, a P/E/G ratio of 11.29 and a beta of 0.61.

Clearwater Analytics Profile

Clearwater Analytics Holdings, Inc develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.